The Mozambican state has provided state guarantees to Empresa Nacional de Hidrocarbonetos (ENH) to allow the state-run oil company to secure a loan that in international markets to cover its participation in natural gas projects in the Rovuma basin, in the northern province of Cabo Delgado.`
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Chinese company Sinopec could take a stake in Portuguese oil company Galp Energia and is one of two major international oil firms interested, according to the weekly Jornal Economico.
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PTT Exploration and Production Plc (PTTEP) plans to make a final investment decision in 2019 to develop a liquefied natural gas (LNG) production plant in Mozambique’s Rovuma Offshore Area 1 project.
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The Minister of Economy and Finance, Adriano Maleiane, on Monday tried to persuade the Plan and Budget Commission (CPO) of the Mozambican parliament, the Assembly of the Republic, that the country needs to return to the international capital markets to borrow a further two billion US dollars to cover the participation of the National Hydrocarbon Company (ENH), in the liquefied natural gas (LNG) projects in the Rovuma Basin, off the coast of the northern province…
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Mozambique is the largest exporter of natural gas in the Southern African region, and will consolidate this position when the vast offshore gas fields in the Rovuma Basin, off the coast in the northern province of Cabo Delgado, come on stream in 2020.
Read MoreLiquefied natural gas will start processing from a field off the coast of Mozambique by 2024 now that the government has the development plans, partners said.
Read MoreAbout US$60 billion will be spent building platforms and other support infrastructures for the production of liquefied natural gas (LNG) in areas 1 and 4 of the Rovuma basin, Omar Mithá, PCA of Empresa Nacional de Hidrocarbonetos (ENH) said in a speech marking the 13th anniversary of the newspaper O País.
Read MoreExxon Mobil is planning to build a Mozambique liquefied natural gas (LNG) export facility and is looking to expand operations at its Papua New Guinea and Qatari LNG projects, a senior company official said on Wednesday.
Read MoreOil company Wentworth Resources, involved in exploration actions in northern Mozambique, will appoint Eskil Jersing as the new CEO in the second quarter of this year, the company said in a statement.
Read MoreUS-based LNG equipment maker, Air Products has won a contract to supply equipment for Eni’s Coral South floating liquefied natural gas (FLNG) facility to be located offshore Mozambique.
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